Solar Panel Programs In Pa

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Solar panel programs in pa.

The commonwealth finance agency has funded solar projects in the past and may again in the future. In pennsylvania the average solar payback period is 10 66 years. The program allows a 30 percent investment tax credit for each installed system. Solar renewable energy credit srec the third major financial incentive program available in pennsylvania is the solar renewable energy credit srec scheme sometimes referred to as solar power performance payments or production incentives.

The program is administered jointly by the department of community and economic development dced and the department of environmental protection dep under the direction of the commonwealth financing authority cfa. Due to the steep upfront costs of around 32 000 in cash only those upper income families can afford to install solar arrays. According to the u s. That means that these systems and the power that they produce are not regulated by the pennsylvania public utility commission puc.

For more information go to. Pennsylvania launches no upfront cost solar program for middle class homeowners. Energy information administration the average pennsylvania family consumes more than 10 000 kilowatt hours kwh of electricity annually and spends more than 2 000 per year on energy bills. The solar energy program sep provides financial assistance in the form of grant and loan funds to promote the use of solar energy in pennsylvania.

This is one of the most important policies for solar in pennsylvania as in many other states because it governs how your residential system interacts with the grid. The main advantage of installing solar panels in pennsylvania is the state s net metering law which requires retail sellers of electricity to provide their solar customers with credit that is equal to the retail rate of electricity for the excess generation their systems create. Regardless of the exact cost of installation there are many affordable financing options for solar panel systems. With power prices above the national average the return on investment for an installation of solar panels in the keystone state is one of the best in the us.

Unlike conventional net metering in pennsylvania utility scale solar development on a scale greater than 3 or 4 megawatts of capacity is a wholesale power function. The state also renewed its residential and business solar tax credit programs through dec. For each megawatt hour of energy you produce you earn an srec. Under different legislation utilities in pennsylvania are required to purchase power produced by independent solar and other renewable energy providers.

Financial incentives energy financial incentives for pennsylvania residents. Pennsylvania has two main programs to support the development of residential solar systems. The pennsylvania energy development authority program managed by dep has funded solar projects but is currently not open.